Portfolio

Retirement executives at Fidelity Investments today have a few billion reasons to smile. That’s because the plan provider has renewed its contract with Raytheon Company, a technology and defense company, through 2017. The two companies have a 20-year relationship that began in 1992.

If an industry-wide fiduciary standard is adopted, what might the practicalities of meeting that standard be? Citi’s financial services unit has some possible technology-based answers to this question.

Russell Investments has launched two exchange-traded funds focusing on high dividend yield investments in American companies.

Nearly 54% of mutual funds taking part in a Bonaire Software Solutions study on distributor rebate payments said that tracking and reconciliation is their biggest challenge.

PIMCO's Bill Gross decided to take the active management he used to make the firm's Total Return Fund the largest mutual fund extant and apply it, with some variation, to bonds that could be traded at any time in an exchange-traded fund.

Van Eck Global is stirring up another exchange-traded fund in the form of the Market Vectors Global Chemicals ET, which will bet on U.S. and non-U.S. chemical concerns.

Chicago-based brokerage and investment advisory firm David A. Noyes has hired an executive away from Fifth Third Bank to join the ranks of its wealth advisors as a vice president.

Van Eck Global is stirring up another exchange-traded fund in the form of the Market Vectors Global Chemicals ET, which will bet on U.S. and non-U.S. chemical concerns.

Kenneth Burd has joined Delaware Investments as vice president, head of internal sales, responsible for managing the 15-member internal sales desk, which supports the firm's retail sales efforts. Burd started his position on March 5.

On March 1, Bill Gross, co-founder of the Pacific Investment Management Company, officially crossed the line and fired his opening salvo in the exchange-traded fund business.